United States
Taxpayers often struggle to quantify participation for the passive activity rules. A recent court decision may affect those calculations.
The ability to revoke elections and file amended returns means partnership may have more than one option to benefit from CARES Act.
Motivated by the tax relief provisions of the CARES Act, the IRS is allowing all partnerships to file 2018 and 2019 amended returns.
Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.
Law firms and professional services businesses are experiencing challenges with the COVID-19 pandemic, creating state and local tax issues.
CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships
RSM's virtual summit on transformative tax issues facing the middle market is available as an on-demand webcast.
Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.
When entering the U.S. tax system through investment or relocation, a nonresident faces unique tax reporting and filing obligations.
Recently proposed regulations have renewed discussions regarding the IRS position that a partner in a partnership cannot also be an employee of ...
For estate tax purposes, individuals often establish living or ‘grantor’ trusts to hold their assets. Although the assets are held in trust, the ...
Partnerships that treat partners as W-2 employees may need to reassess their tax positions, including their employee benefit plans.
The U.S. Tax Court has restated the ground rules for what is required to use a family limited partnership to transfer wealth from an estate. The ...
In a recent case out of Washington state, the IRS challenged the nontax purpose for the creation of a family limited liability company (LLC) and ...